BC / BF EXAM (IIBF) Series -33 ( PROBABLE QUESTIONS AND ANSWERS )
Chapter-3
1. Objectives of KYC;
A. to ensure appropriate
customer identification
B.
to monitor
transactions of suspicious nature
C.
if the loan is given, it
would not be an NPA
D.
to create a database
of customers
2. Which one of the following is an Officially
valid document available to the bank for customer identification?
A. Election ID card
B.
Ration card
C.
Photograph
D.
Bank statement of
account
3. One of the important steps in Money Laundering
is____________________
A. Placement and
Layering
B.
Organization and
Controlling
C.
Depositing and
Withdrawing
D.
Backward and Forward
Integration
4. Money Laundering refers to _____________
A.
conversion of assets
into cash
B. conversion of money
which is illegally obtained
C.
conversion of cash
into gold
D.
conversion of assets
into liabilities
5. The banker dishonors the cheque on the expiry
of _________ months.
A.
6
B.
2
C.
4
D. 3
6. Which of these is/are important feature/s of
a CHEQUE?
A.
Drawer's signature
B.
Date of cheque
C.
Amount of cheque
D. All of these
7. Which of these is Voucher Generating
Transaction of a Bank?
A. Issue of cheque books
B.
Acceptance of share
application forms
C.
Delivery of term
deposit receipts/drafts
D.
Issue of term deposit
receipts
8. Banks are not required to deduct TDS from
depositors who submit declaration in FORM _______________under Income Tax
Rules, 1962.
A.
17G/17H
B. 15G/15H
C.
19G/19H
D.
13G/13H
9. Photographs cannot be a substitute for
specimen signatures.
A.
True B.False
10. In any case cash transactions of over Rs
_______lacs are required to be reported to the RBI on a fortnightly basis.
A.
20 B.15
C.10 D.
30
Chapter-4
1. If Rs 1 lakh is the money borrowed for 12
months and the ROI is 12% p.a. simple, what is the interest paid by the
borrower?
A.
Rs 10000
B.
Rs 24000
C.
Rs 20000
D.
Rs 12000
2. Each transaction has dual aspects; each debit
has a corresponding credit. This is known as ________________.
A.
business entity
concept
B. dual aspect concept
C.
money measurement
concept
D.
accrual concept
3. Income and expenses are recorded as and when
these become due for payment or receipt, and not when these are actually
received or paid. This is known as _______________.
A.
accrual concept
B.
historic case concept
C.
dual aspect concept
D.
business entity
concept
4. Choose the correct principals of Double Entry
Book Keeping;
A.
for every the transaction, there are two parties involved
B.
every business the transaction has two aspects-give and receives benefits
C.
debit and credit
sides are recorded in books of account
D.
all of these
5. Cash, stock, building, machinery come under
assets or properties.
A.
True
B.
False
6. Accounts of expenses(losses) and
gains(income) come under______________ account
A.
nominal
B.
personal
C.
real
D.
none
7. Which of these show both aspects of double
entry?
A. Ledger
B. Journal
C.
Balance sheet
D.
Cashbook
8. RBI has instructed all the banks that for all
the rupee loans sanctioned and credit limits renewed w.e.f April 1, 2016, would
be priced with reference to the ___________________.
A.
DCLR
B.
PCLR
C.
GCLR
D.
MCLR
9. You deposit Rs 10,000/- with a bank for one
year at 6% interest p.a. The Bank pays monthly compounded interest which is
reinvested in the account. What amount would you get on the maturity of your
deposit?
A. 10617
B.
10517
C.
10417
D.
10317
10. Find out EMI for a housing loan of Rs 10lacs
at an interest rate of 10.5% per annum repayable in 15 years.
A.
10,054
B. 11,054
C.
12,054
D.
13,054
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